Foreign subsidiaryForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Foreign subsidiaryThis topic has 3 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts February 18, 2020 at 1:38 pm #562232 mirlizMemberTopics: 28Replies: 49☆☆Sir, in determining the foreign operation functional currency (F.C), which rules should be use instead ?1. The currency which mainly influence sale price, operating cost and etc Or 2. Degree of autonomy, volume of transactions with parent and etcIf question were ask about the F.C for foreign operation, does we have to mention all this rule? February 18, 2020 at 3:47 pm #562255 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆If asked to determine the functional currency , write out all the criteria (that you can remember) February 19, 2020 at 5:25 am #562339 mirlizMemberTopics: 28Replies: 49☆☆So if the foreign subsi only met the first criteria I mentioned above and does not met the F.C criteria on the second, it will still use parent FC? February 19, 2020 at 8:49 pm #562446 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆Judgement call – but never a problem in exam because they give you loads of data.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In